leads to an increase in average income, economic theory is ambiguous about the possible effects on the long-run growth rate …

in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the … parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show …

incentives and the world distribution of income. An endogenous product cycle arises in equilibrium, in which innovative countries …

leads to a stable world income distribution. This is because specialization and trade introduce de facto diminishing returns … cross-sectional behavior of the world economy is similar to that of existing exogenous growth models: Cross … exhibit conditional convergence as in the Solow-Ramsey model. The dispersion of the world income distribution is determined by …

-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …

This paper investigates the evolution of the productive structure around the world and the role it plays in the … structure through the Economic Complexity Index. Our results indicate that income inequality at the world level is not linearly …

and their productivity. Recent work suggests that these calculations should treat workers of different skill levels as … imperfect substitutes. However, under this approach, it has been challenging to compute skill-specific productivity levels for a … data set on labor force composition to construct measures of productivity for workers in three distinct skill categories …

-section distribution of average income per capita across countries is modelled both for the whole world, and then for the groups of open …

finds that this argument, although intuitively appealing, does not hold up to careful examination. Although the world …